Comments on: LET PORTIA CHOP OFF YOUR TAX BURDEN http://dearsonu.wordpress.com/2009/05/11/let-portia-chop-off-your-tax-burden/ “At IIPM Difficult Was Always Easy It's Impossible That Took A Little Time!!” Wed, 17 Jun 2009 16:19:39 +0000 http://wordpress.com/ hourly 1 By: Ferinannnd http://dearsonu.wordpress.com/2009/05/11/let-portia-chop-off-your-tax-burden/#comment-798 Ferinannnd Mon, 25 May 2009 06:23:08 +0000 http://dearsonu.wordpress.com/?p=110#comment-798 Только вчера об этом думал, так что пост как нельзя в тему! Только вчера об этом думал, так что пост как нельзя в тему!

]]> By: Puja Kejriwal http://dearsonu.wordpress.com/2009/05/11/let-portia-chop-off-your-tax-burden/#comment-786 Puja Kejriwal Tue, 12 May 2009 01:48:17 +0000 http://dearsonu.wordpress.com/?p=110#comment-786 Thanks for the tax planning article. To claim for tax benefit under 80C, we have to make sure that the annual premium is not more than 20% of total sum assured. For ex. If someone has taken single-premium insurance plans, Rs.50000 is then single premium and total sum assured is Rs.200000. He can have tax benefit of only .2 * 200000 = Rs.40000 under 80C. So Rs.50000-Rs.40000 = Rs.10000 will not be tax exempted. Thanks for the tax planning article.

To claim for tax benefit under 80C, we have to make sure that the annual premium is not more than 20% of total sum assured.

For ex. If someone has taken single-premium insurance plans, Rs.50000 is then single premium and total sum assured is Rs.200000. He can have tax benefit of only .2 * 200000 = Rs.40000 under 80C. So Rs.50000-Rs.40000 = Rs.10000 will not be tax exempted.

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